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Siemens (NSE:SIEMENS) E10 : ₹58.82 (As of Dec. 2024)


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What is Siemens E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Siemens's adjusted earnings per share data for the three months ended in Dec. 2024 was ₹17.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹58.82 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Siemens's average E10 Growth Rate was 19.70% per year. During the past 3 years, the average E10 Growth Rate was -4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Siemens was -4.20% per year. The lowest was -4.20% per year. And the median was -4.20% per year.

As of today (2025-03-15), Siemens's current stock price is ₹4927.90. Siemens's E10 for the quarter that ended in Dec. 2024 was ₹58.82. Siemens's Shiller PE Ratio of today is 83.78.

During the past 13 years, the highest Shiller PE Ratio of Siemens was 152.09. The lowest was 30.28. And the median was 69.27.


Siemens E10 Historical Data

The historical data trend for Siemens's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Siemens E10 Chart

Siemens Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 64.55 56.09 48.90 56.82

Siemens Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.18 51.21 54.07 56.82 58.82

Competitive Comparison of Siemens's E10

For the Specialty Industrial Machinery subindustry, Siemens's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Siemens's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siemens's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Siemens's Shiller PE Ratio falls into.



Siemens E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Siemens's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=17.26/159.2043*159.2043
=17.260

Current CPI (Dec. 2024) = 159.2043.

Siemens Quarterly Data

per share eps CPI Adj_EPS
201306 -1.370 88.365 -2.468
201309 4.190 91.042 7.327
201312 1.830 91.425 3.187
201403 2.480 91.425 4.319
201406 0.370 94.103 0.626
201409 12.270 96.780 20.184
201412 17.800 96.780 29.281
201503 4.550 97.163 7.455
201506 4.720 99.841 7.526
201509 5.910 101.753 9.247
201512 3.200 102.901 4.951
201609 81.820 105.961 122.933
201709 31.920 109.021 46.613
201806 5.790 111.317 8.281
201809 7.924 115.142 10.956
201812 6.490 115.142 8.974
201903 7.980 118.202 10.748
201906 7.020 120.880 9.246
201909 9.380 123.175 12.124
201912 7.460 126.235 9.408
202003 4.940 124.705 6.307
202006 -0.060 127.000 -0.075
202009 9.250 130.118 11.318
202012 8.300 130.889 10.096
202103 9.310 131.771 11.248
202106 3.980 134.084 4.726
202109 8.980 135.847 10.524
202112 7.020 138.161 8.089
202203 9.550 138.822 10.952
202206 8.440 142.347 9.439
202209 18.320 144.661 20.162
202212 12.990 145.763 14.188
202303 13.260 146.865 14.374
202306 12.800 150.280 13.560
202309 16.050 151.492 16.867
202312 14.210 152.924 14.794
202403 22.550 153.035 23.459
202406 16.240 155.789 16.596
202409 23.283 157.882 23.478
202412 17.260 159.204 17.260

Add all the adjusted EPS together and divide 10 will get our e10.


Siemens  (NSE:SIEMENS) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Siemens's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4927.90/58.82
=83.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Siemens was 152.09. The lowest was 30.28. And the median was 69.27.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Siemens E10 Related Terms

Thank you for viewing the detailed overview of Siemens's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Siemens Business Description

Traded in Other Exchanges
Address
Dr. Annie Besant Road, Birla Aurora, Level 21, Plot No. 1080, Worli, Mumbai, MH, IND, 400030
Siemens Ltd produces systems and solutions for electrification, automation, and digitalization. The company's business segments are; Energy, Smart Infrastructure, Mobility, Digital Industries, and others. The Smart Infrastructure segment derives maximum revenue which functions as a supplier of products, systems, solutions, and services for the transmission and distribution of electrical energy for power utilities, industrial companies, and infrastructure segments. The products and services portfolio under this segment includes systems for low and medium-voltage distribution, solutions for smart grids and energy automation, low-voltage power supply systems, provides intelligent and connected infrastructure for grids and buildings. Geographically, it derives maximum revenue from India.

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